Gemini Experiences Robust Growth, Launching 55 Mutual Funds in 2014

HAUPPAUGE, N.Y., May 12, 2015 /PRNewswire/ -- Fund managers continue to turn to The Gemini Companies to help deliver their strategies to investors through a variety of pooled investment vehicles and distribution channels. Gemini Fund Services, LLC (Gemini Fund) launched 55 mutual funds in 2014, bringing its current roster of investment companies to over 415.

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"Even though liquid alternatives adhering to hedging and tactical strategies trailed U.S. markets last year, investor demand for hedging products that nevertheless yield positive returns—such as mutual funds offering exposure to long/short strategies and managed futures—continues to rise," said Andrew Rogers, Chief Executive Officer of The Gemini Companies. "Our expertise in launching and growing pooled investment vehicles regardless of size or strategy has been critical to helping managers stay ahead of trends and succeed in all market conditions."

Gemini Fund observed the highest upticks in funds with U.S. equity-focused, alternative and tactical allocation strategies. The firm now services 76 funds in Morningstar's Large Blend category, as well as 72 in the Long/Short Equity category and 70 in the Managed Futures category. Gemini Fund also helps administer 71 funds in Morningstar's Tactical Allocation category, 54 funds each in the Conservative Allocation and Moderate Allocation categories, 53 Nontraditional Bond funds and 52 Multialternative funds.

Gemini Fund's four Northern Lights Fund and Variable Trusts now service more than 160 mutual funds with more than $17.4 billion in assets, while the firm's Two Roads Shared Trust has almost a dozen mutual funds with nearly $700 million in assets on its platform. In addition, Gemini Hedge Fund Services, LLC launched 17 hedge funds last year, elevating the total number of funds on its platform to 49. The Gemini Companies are backed by NorthStar Financial Services Group, LLC, which has more than 650 employees and over $300 billion in assets under management and administration, and TA Associates, a leading global growth private equity firm.

"We are proud that so many managers rely on us to help their new and existing funds meet their objectives in the current market environment," said Mr. Rogers. "Their confidence in us is a testament to our proven ability to bring the benefits of mutual fund investing to investors in alternative products, while helping hedge fund managers that have not introduced their strategies in mutual fund wrappers remain competitive. The support we receive from NorthStar and TA Associates is crucial as we continue to grow and service funds from a broader spectrum of managers."

About The Gemini Companies

The Gemini Companies provide investment companies with a single point of access to multiple solutions for pooled investment products. The individual service firms within The Gemini Companies were built on innovation, client partnerships and service, and their teams possess expertise in fund administration, accounting, technology, compliance and reporting.

Gemini Fund Services, LLC helps bring mutual funds to market, providing comprehensive administration, accounting, distribution and transfer agent services. Gemini Hedge Fund Services, LLC provides middle- and back-office administration, real-time portfolio valuations, comprehensive financial reporting and a full spectrum of investor services to help hedge fund managers meet the requirements of investors and regulatory bodies. Gemini Alternative Funds, LLC offers managed account platforms that enable fund managers to access multiple distribution channels and obtain operational efficiencies, and allow accredited investors to pick from a multitude of alternative investment strategies through a single account.

The Gemini Companies are backed by parent company NorthStar Financial Services Group, LLC. For more information, please call (855) 891-0092 or visit www.thegeminicompanies.com.

6392-GFS-5/4/2015

CONTACT:   
Jami Schlicher
JCPR
973-850-7309
[email protected]

SOURCE The Gemini Companies

Related Links

http://www.thegeminicompanies.com

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